Some traditional sources of funding include; business loans, loans from friends, mortgages or secured transactions on assets you already own, saving up money from your own income, starting a non-profit and getting grants from the government, etc.

Push the money into federal municipalities, state municipalities, and paying off your most profitable property in my opinion.Federal and state municipality funds are tax free investments, and mine perform in the 8-9% range, which means tax effective 11-12% range, equal to that of a decent cap return for real estate, plus they usually pay monthly.on top of that, the last thing the states and feds wont pay is their water, power, and sewage bills, hence why its a good steady flow of income.Also, it gives you three sources of solid residual income.

Next step is to find a better source of leads ;)That's not a lead.

First you need to understand your state's foreclosure process (judicial or statutory) and posting/recording requirements.Then go to the source of where these proceedings happen.  

I am curious now so I will check into it with the sources I know, when I get a chance.

Finding your first opportunity, analyzing your first deal, finding your first source of funds (financing) and of course closing on your first property. 

Don't let $50 be the source of ill will.

However I know some bougtique fellows that are not realtors will use their sourcing ability and their rehab ability and bring you a deal at cost with a pretty small mark up  usually less than a sales commish to an outside agency.. so there is that program as well.. need cash for that.. in the old days I used to do the Hardmoney loan to help you buy and rehab but most of us lenders won't do that for newbie or out of state investors anymore risk are to high.But get on line check out all the different companies there are 100's  and there are probably 30 plus viable markets ...

My partners and I have made this mistake ourselves, once you open the company you have to keep it open and in absence of a deal that will be out of pocket.As for finding funding for your deals, local Real estate clubs are great and BP is a good source also.

It is a highly overrated information source.